KB Home (KBH)

[Zephyr]

16:10:02 KBH PRESS RELEASE: KB Home Declares Second Quarter 2010 Dividend


LOS ANGELES--(BUSINESS WIRE)--April 01, 2010--

The board of directors of KB Home (NYSE: KBH) has declared a quarterly cash
dividend of $.0625 per share on the Company's common stock, payable on May 20,
2010 to stockholders of record on May 6, 2010.

About KB Home

KB Home, one of the nation's premier homebuilders, has delivered over half a
million quality homes for families since its founding in 1957. The Los
Angeles-based company is distinguished by its Built to Order(TM) homebuilding
approach that puts a custom home experience within reach of its customers at an
affordable price. KB Home's award-winning home designs and communities meet the
needs of first-time, move-up and active adult homebuyers. KB Home was named to
FORTUNE(R) magazine's 2010 list of the World's Most Admired Companies for the
sixth consecutive year, and ranked #1 for "Innovation" among homebuilders. The
Company trades under the ticker symbol "KBH" and was the first homebuilder
listed on the New York Stock Exchange. For more information about any of KB
Home's new home communities, call 888-KB-HOMES or visit www.kbhome.com.

Certain matters discussed in this press release, including any statements
that are predictive in nature or concern future market and economic conditions,
business and prospects, our future financial and operational performance, or
our future actions and their expected results are "forward-looking statements"
within the meaning of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements are based on current expectations and projections
about future events and are not guarantees of future performance. We do not
have a specific policy or intent of updating or revising forward-looking
statements. Actual events and results may differ materially from those
expressed or forecasted in forward-looking statements due to a number of
factors. The most important risk factors that could cause our actual
performance and future events and actions to differ materially from such
forward-looking statements include, but are not limited to: general economic,
employment and business conditions; adverse market conditions that could result
in additional impairments or abandonment charges and operating losses,
including an oversupply of unsold homes, declining home prices and increased
foreclosure and short sale activity, among other things; conditions in the
capital and credit markets (including consumer mortgage lending standards, the
availability of consumer mortgage financing and mortgage foreclosure rates);
material prices and availability; labor costs and availability; changes in
interest rates; inflation; our debt level; weak or declining consumer
confidence, either generally or specifically with respect to purchasing homes;
competition for home sales from other sellers of new and existing homes,
including sellers of homes obtained through foreclosures or short sales;
weather conditions, significant natural disasters and other environmental
factors; government actions, policies, programs and regulations directed at or
affecting the housing market (including, but not limited to, tax credits, tax
incentives and/or subsidies for home purchases, and programs intended to modify
existing mortgage loans and to prevent mortgage foreclosures), the homebuilding
industry, or construction activities; the availability and cost of land in
desirable areas; legal or regulatory proceedings or claims; the ability and/or
willingness of participants in our unconsolidated joint ventures to fulfill
their obligations; our ability to access capital, including our capacity under
our unsecured revolving credit facility; our ability to use the net deferred
tax assets we have generated; our ability to successfully implement our current
and planned product, geographic and market positioning (including, but not
limited to, our efforts to expand our inventory base with desirable land
positions or interests at reasonable cost), revenue growth and cost reduction
strategies; consumer interest in our new product designs, including The Open
Series(TM); and other events outside of our control. Please see our periodic
reports and other filings with the Securities and Exchange Commission for a
further discussion of these and other risks and uncertainties applicable to our
business.

CONTACT: KB Home

Kelly Masuda, Investor

Contact

310-893-7434

[e-mail]

or

Heather Reeves, Media

Contact

310-231-4142

[e-mail]

SOURCE: KB Home
Copyright Business Wire 2010


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04-01-10 1610ET

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